Multiple Choice
Which of the following statements is true about errors in the financial statements of a company?
A) Errors are a result of intentional mistakes made while recording or posting transactions.
B) Errors are not intentional and when detected are immediately corrected.
C) Errors are not intentional and therefore do not need to be corrected.
D) Errors are usually an intentional attempt at fraud.
Correct Answer:
Verified
Correct Answer:
Verified
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